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Goldman says tax legislation to decrease fourth-quarter earnings by $5 billion

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Reuters
Last Updated : Dec 29 2017 | 5:05 PM IST

REUTERS - Goldman Sachs Group Inc on Friday said the tax legislation will result in a decrease of about $5 billion in its fourth-quarter earnings.

Around two-thirds of the $5 billion decrease in earnings is due to repatriation tax, Goldman said in a statement with the U.S. Securities and Exchange Commission. (https://bsmedia.business-standard.combit.ly/2C8j4br)

(Reporting By Aparajita Saxena in Bengaluru; Editing by Shounak Dasgupta)

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First Published: Dec 29 2017 | 4:56 PM IST

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